Assistant Manager - Treasury Back Office

Job ID:R-40436

Category: Finance

Job Position: Assistant Manager- Treasury Reporting & Controls (Back Office)

Reports to: Manager-Treasury Reporting and Controls (Back Office)

Function: Treasury Expertise operations as sub function of Commercial Experience Organization which is part of UniOps

Location: Bangalore

Business Context and Main Purpose of the Job:

Unilever world’s most successful, purpose-led business looking for strengthening its future-fit team to drive sustainable business through superior performance, consistently delivering financial results in top third of our industry.

UniOps (Erstwhile Unilever Enterprise & Technology Solutions (ETS)) is a global business unit that will manage the company’s shared business services, made up of HR Services, Finance Transactions, IT services, Information Management Services and Workplace Services.

Mission - To provide excellent services globally which enable Unilever to win in the market by

· putting the business’ goals at the heart of what we do

· leveraging cost-effective, best practice, global solutions across Unilever to meet users’ needs

· making continuous improvement in both cost and service an integral part of our way of working

· building a professional services organisation that enables our people to give their best

· developing win-win relationships with selected providers to meet our current and future requirements.

The key benefits from UniOps are expected to be:

· Lower cost of delivery through standardisation, simplification, process harmonisation & scale leverage.

· Better user experience by delivery of integrated service bundles to end-user.

· Continuous improvement through end-to-end process ownership.

Within the service catalogue of UniOps, Commercial Experience organisation is responsible for the management and delivery of finance and supplier services globally, both through third-party outsourced providers (e.g., IBM, Capgemini) and through in-sourced operations.

The treasury reporting and control back-office team is part of treasury expertise operations with in larger Commercial Experience organisation is responsible for all settlements, reconciliations, and management of all Treasury related banking activities at Unilever. Back Office also takes care of monthly current account interest rates management and settlement of all intercompany entities within Unilever with the inhouse bank. In addition, the team is also responsible for maintenance, monitoring and critically controlling any new bank account additions to the Treasury system. It is also responsible for Sox and other process controls by constantly assessing the risk to Unilever and maintaining Service Level Agreements (SLAs) between the inhouse bank and the operating entities in Unilever.

Key activities summary: Managing Treasury Back Office

· Responsible on daily basis to ensure OTIF settlements of all outstanding items that include

o Bonds and Commercial Papers settlements including periodic interest settlements

o FX derivatives with external counterparties

o Intercompany settlements like loans, interests, payments, derivates

o Intra entity bank to bank transfers

o Matching and confirmations of derivatives with counterparties

· Daily Bank reconciliations to match all cashflows from the Treasury system to the bank statements and ensure all timely resolution of all open items.

· Monthly current account interest settlement between the inhouse bank and the operations entities including hedging of the interest in the inhouse bank

· SLA creation for new entities under cash-pool model and maintenance of existing SLAs

· System setup and maintenance of clients and counterparties, MT940 interfaces, bank account setups

· Regulatory reporting of derivatives like EMIR

· Support Projects for Treasury Reporting and Controls

Main Accountabilities

· On time and in full settlements and confirmations of all Treasury transactions (zero tolerance to error)

· Daily reconciliations of all treasury related bank accounts maintaining zero open items

· Monthly accounting and hedging of interest on current accounts

· Monthly reconciliations and resolutions of all intercompany mismatches between inhouse bank and operating entities.

· Monitoring and correcting fallouts on automated intercompany settlements

· Completing all audits with zero non-conformances for internal, external, SOX audits

· Resolution on all open queries on operating counterparties with inhouse bank.

Resources –Individual Contributor. May supervise 1 or 2 resources

Key Contacts – Global Front office, UL countries and their Treasury personnel that are serviced by Global Treasury BO, Business Partners, 3P service providers, External and internal auditors.

Key Skills required

- Business partnering skills while ensuring service mindset within the team

- Ability to apply professional knowledge in developing better robust processes.

- Demonstrated ability to analyze and interpret problems / data gathered from a variety of sources.

- Assertive and pro-active attitude and cultivates a willingness to learn and teach within the team

- Maintain a high-performance culture within the team with high bias for action

- Demonstrated ability to work with a range of technically and culturally diverse people

- Ability to work under pressure and within strict non-negotiable timelines

- Ability to take quick and correct actions in emergency situations

- Demonstrated ability to successfully contribute multiple projects & competing priorities in a time sensitive environment.

Relevant Experience

- Min 5 years of experience in Investment Banking / Large Corporate Treasury/ Group Financial Reporting/Banking Teams

- Minimum Professional qualification of CA/MBA;

- Working knowledge of Wallstreet Treasury Suite is desirable but not mandatory

- Strong on MS Excel and MS Power point

- Strong on Stakeholder Management

- Should be self-driven and the ability to translate vision into actions

- Demonstrated ability of working in a complex environment with global stake holders

Interested candidates Click on below link Apply Online and you will be redirected to Career Page of Company or Career url.

The success we’ve achieved means that, today, 2.5 billion people will use our products to feel good, look good and get more out of life.Our brands give us a unique opportunity to create positive change, to grow our business, and to achieve our purpose of making sustainable living commonplace.2.5 billion people use our products each day400+ Unilever brands are used by consumers worldwide190 Countries in which our brands are sold155,000 Unilever people deliver our success€52 billion Our turnover in 2019